Well most people who follow this stock here know it's worthless (I would put the value at $1.00 or less) but it's been heavily pumped so if you are going long just be ready to get out quick (like finger on the enter key :)). I imagine he means it is a bounce but it will be a sell off at the end of the day. Nobody wants this long in their portfolio going into the weekend...
Check this stock out and three months ago before the fluff news or check the current revenue and earnings.. Read the press releases, they put out about two or more week. You won't find any real numbers in there,
... No exact figures, and all hype. So we all know where this stock is going, just not sure if it's a week out, or two weeks out, or a month. Check this stock in two months and I imagine it will be sitting at $2.00 or lower.
I posted earlier that when the owner of my trading room called this long @7.65 a lot of day traders, (we have around 300 in the room at any given time) started piling in with market orders. The MM's saw this and jacked it up over $8 in about 3-4 minutes. I knew what was coming and went long a couple thousand shares myself. I also sold all those shares at market once it got over 8 bucks.
These same day traders are going to dump this before the day is over.